Syrian Petroleum Co. plans to more than double crude production to about 250,000 barrels a day by the end of 2027 from about 110,000 now, investing in existing fields, CEO Yousef Qiblawy said in an interview published October 7. The state company also aims to ramp up oil refining as foreign operators return to the country, with further expansion possible by the end of the decade if exploration efforts succeed.
Syria aims to more than double oil output by end-2027
State-owned Syrian Petroleum Co. plans to more than double crude output to about 250,000 barrels a day by the end of 2027 from roughly 110,000 now, CEO Yousef Qiblawy said in an interview published October 7.
Why it matters: Fresh Syrian barrels are a marginal but symbolic supply addition while Brent trades above $100 with the Hormuz corridor strained.
Data as of Bloomberg interview published October 7, 2026 (updated 11:42 AM EDT); full article body paywalled, facts from headline, byline metadata and Bloomberg takeaways, single-sourced.
Sources
- Syria Plans to Double Crude Oil Production in a Year as Investors Return · Bloomberg · 2026-10-07